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STX Shipbuilding Swings to Profit in 2006

Maritime Activity Reports, Inc.

March 6, 2007

STX Shipbuilding Co., said Monday that it swung to a profit in 2006 from a loss a year earlier on rising demand for high-priced ships. Net profit reached $43.3m last year, compared with a loss of 6 billion won a year earlier, the company said in a regulatory filing. Source: Yonhap

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